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their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses welcome to the world leader in derivatives. welcome to superderivatives. >>> we already bailed out a couple of its auto companies, but now should the federal government bail out the entire city of detroit? incredibly, some say yes. ahead of president obama's visit to detroit monday, that will be his
. >>> now let's go from pizza to baseball. america's greatest pastime is also feeling the pain of the fiscal cliff tax hike. professional baseball players and major league owners in a fever pitch to finalize contract negotiations before year's end. brian shatner steps up to the plate now with that story. >> reporter: the potential for marginal tax rates to go from 35 to 40% is a big deal for major league baseball. i want to put it all in perspective. the minimum salary in major league baseball is just under $500,000 a year. right now we are smack dab in the middle of free agency. it's pretty clear players and agents are trying to get as much money as possible in 2012. just like special dividends we're actually seeing a lot of activity this week. usually baseball only gives big bonuses to draft picks. but on thursday when outfielder b.j. upton signed a $75 million deal with atlanta, what was included? a $3 million bonus. payable, mind you, by december 31st. it absolutely jumps off the page. his former teammate in tampa, evan longoria signed a $100 million extension. including in that 1 millio
. >> and they have the polls that show that. >> 98% of america would be affected by this. >> i don't favor it. but politics are politics. i get it. the election spoke clearly. the american people spoke clearly. many republicans are signing letters that it has to be a balanced approach and they have walked away from the no new taxes pledge and said they would support a balanced approach. >> i understand, dave, that this is not the reagan supply side conservative position. i'm not jumping up and down about this. meeting the fiscal cliff or avoiding it might not be a bad thing, but i want to ask you. we talked about spending cuts. 60 billion dollars budget. will we get that much of a spending cut to go along with the tax increases on the upper end and the tax extensions in the middle? >> the sequestration is its own silo. you and i may see, will they change the mix on spending reductions? i think the dollar amount stays. >> the dollar amount. so $60 billion, more or less. >> more or less. >> it's homeland security, not just defense. >> yeah. that's always been one of the mischaracterizatio misch
Search Results 0 to 2 of about 3